Warner Bros. Discovery Set To Reject Paramount's Latest Takeover Bid After Board Meets Next Week
Deadline·2025-12-31 08:28

When business revs back up next week, Warner Bros. Discovery looks set to reject Paramount’s amended hostile takeover bid due in part to concerns at the delay that could dog its planned cable spinoff if a deal falls through, Deadline hears. WBD agreed earlier this month to sell its studio and streaming assets to Netflix in a cash and stock transaction worth $27.75 a share as it packages the rest into a standalone publicly traded linear television company called Discovery Global by the third quarter of nex ...